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Main » Articles » Technical Analysis

Technical analysis for September 17 , 2009

 CHF

The pre-planned short positions from key resistance range levels were implemented with overlap of minimal estimated target. OsMA trend indicator, having marked activity fall of both parties gives grounds to preserve planning priorities chosen before in the direction of the current market situation. Nevertheless, considering that in such situations rises the risk of sharp change of technical outlook against existing trend in order to reduce trading risks we can assume probability of rate return to close 1,0320/30 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,0280/90 and (or) further break-out variant up to 1,0220/40, 1,0140/60, 1,0040/60. The alternative for buyers will be above 1,0360 with the targets of 1,0400/20, 1,0460/80, 1,0520/40.

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  GBP

The pre-planned short positions from key resistance range levels were implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked preservation of several minimal bullish activity priority and gives grounds to suppose further rate correction period favouring to planning of short positions. On the assumption of it as well as of bullish sign of indicator chart we can assume probability of another test of Senkou Span B line of Ichimoku indicator at 1,6520/40 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of formation of topping signals the targets will be 1,6460/80, 1,6400/20 and (or) further break-out variant up to 1,6340/60, 1,6280/1,6300, 1,6220/40. The alternative for buyers will be above 1,6620 with the targets of 1,6660/80, 1,6720/40, 1,6780/1,6800.

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  JPY

The estimated test of key resistance range levels was confirmed but in the sign of bullish development cycle incompleteness and bearish party priority marked during the previous day, gives grounds to make correction of trading plans made before for using for today. In the current situation we can suppose probability of the achievement of Senkou Span B line of Ichimoku at 91,40/60 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 90,80/91,00 and (or) further break-out variant up to 89,10/30, 88,50/70. The alternative for sales will be above 92,00 with the targets of 92,40/60, 93,00/20.

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  EUR

EUR The pre-planned break-out variant for buyers was implemented but with loss of several points in the achievement of minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties and considering the chosen strategy gives grounds to support bullish planning priorities but with the rise of risk of sharp changes in the technical outlook favouring to bearish party. On the assumption of it as well as in order to reduce trading risks we can assume probability of rate return to close 1,4690/1,4700 supports where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,4730/40 and (or) further break-out variant up to 1,4780/1,4800, 1,4840/60, 1,4900/20. The alternative variant for sales will be below 1,4660 with the targets of 1,4600/20, 1,4540/60, 1,4440/60.

Category: Technical Analysis | Added by: forex-market (2009-09-17)
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